GTIP vs. ICPI
GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds - GTIP tracks the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index while ICPI tracks the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. Both are passively managed. Their -0.04 correlation means they have often moved in opposite directions in the past. GTIP charges 0.12%/yr vs 0.09%/yr for ICPI.
Performance
GTIP vs. ICPI - Performance Comparison
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Returns By Period
In the year-to-date period, GTIP achieves a 0.58% return, which is significantly lower than ICPI's 2.86% return.
GTIP
- 1D
- 0.10%
- 1M
- -0.65%
- 6M
- 0.23%
- YTD
- 0.58%
- 1Y
- 1.79%
- 3Y*
- 3.77%
- 5Y*
- 0.27%
- 10Y*
- —
- ALL TIME*
- 3.14%
ICPI
- 1D
- -0.04%
- 1M
- 0.28%
- 6M
- 2.54%
- YTD
- 2.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.26M | $1.13M | $1.84M | |
| $371.25K | $268.76K | $267.83K |
GTIP vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 0.58% | -0.14% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.86% | 0.32% |
Correlation
The correlation between GTIP and ICPI is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | -0.04 |
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Return for Risk
GTIP vs. ICPI — Risk / Return Rank
GTIP
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GTIP vs. ICPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and iShares 0-1 Year TIPS Bond ETF (ICPI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GTIP | ICPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | — | — |
| Martin ratioReturn relative to average drawdown | 2.50 | — | — |
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Drawdowns
GTIP vs. ICPI - Drawdown Comparison
The maximum GTIP drawdown since its inception was -14.31%, which is greater than ICPI's maximum drawdown of -0.34%. Use the drawdown chart below to compare losses from any high point for GTIP and ICPI.
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Drawdown Indicators
| GTIP | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -0.34% | -13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | — | — |
Current DrawdownCurrent decline from peak | -1.27% | -0.04% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -0.05% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | — | — |
Volatility
GTIP vs. ICPI - Volatility Comparison
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Volatility by Period
| GTIP | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 0.98% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 0.98% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 0.98% | +4.99% |
GTIP vs. ICPI - Expense Ratio Comparison
GTIP has a 0.12% expense ratio, which is higher than ICPI's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GTIP vs. ICPI - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 5.98%, more than ICPI's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 5.98% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% |
ICPI iShares 0-1 Year TIPS Bond ETF | 3.24% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GTIP and ICPI have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.12% for GTIP.
GTIP has the higher dividend yield at 5.98%, compared with 3.24% for ICPI.
GTIP tracks FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, while ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.12% for GTIP and 0.09% for ICPI.
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